Profits on GBP/USD breakout

Wed, Aug 6, 2008

USD

The USD related moves finally brought in some life to the market, as soon as the Cable broke out of the “channel” (technically was not a real channel) I went short and managed to get out at 1.9490 for a good 35 pips profit. I wasn’t around when the bears attacked again and pushed the price down again, oh well, only 51pips for today (yet) :)

This post was written by:

Mark Gavalda - who has written 72 posts on GavaldaFX Forex Blog.


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